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4. Creditors are mainly interested in the profitability of a company.
False
11. Accounts payable, notes payable and wages payable are examples of liabilities.
True
16. The Securities and Exchange Commission (SEC) is the government agency that has primary

4. Creditors are mainly interested in the profitability of a company.
False
11. Accounts payable, notes payable and wages payable are examples of liabilities.
True
16. The Securities and Exchange Commission (SEC) is the government agency that has primary

Chapter Four Adjustments, Financial Statements, and Financial Results
10/1/15
Adjustments: Entries made at the end of every accounting period to report revenues
and expenses in the proper period and assets and liabilities at appropriate amounts.
Adjustmen